Hawaii — Private Listings and Luxury Big Island, both operating under the umbrella of MegaCapital Hawaii Corp, welcome the National Association of REALTORS®’ (NAR) recent adoption of the “Multiple Listing Options for Sellers” policy. The policy introduces a formal pathway for sellers to opt for “delayed marketing exempt listings,” providing flexibility in how and when properties are publicly marketed through MLS platforms.
Effective March 25, 2025, and mandated for implementation by September 30, 2025, the new policy allows home sellers to delay public marketing through Internet Data Exchange (IDX) and third-party syndication while still sharing the listing privately among MLS participants. This option offers new considerations for sellers who prioritize privacy, timing, and discretion.
Private Listings and Luxury Big Island, both Hawaii-based real estate services led by Harold and Mandana Clarke, have long specialized in high-value, high-discretion transactions. The companies have built platforms designed to serve clients who prefer non-public sales methods, including ultra-high-net-worth individuals, international buyers, and legacy estate holders.
“We’ve always focused on offering clients strategic options beyond the standard MLS exposure,” said Harold Clarke, founder of both companies. “This policy from NAR supports the idea that not all properties benefit from immediate or widespread public marketing.”
Private Listings operates as an invitation-only platform that facilitates discreet, off-market real estate transactions. It provides curated access to buyers and sellers seeking privacy and personalized engagement. Luxury Big Island, meanwhile, serves as a full-service real estate brokerage that publicly showcases a select portfolio of luxury properties across Hawaii, including trophy homes, oceanfront estates, and gated communities.
While the new NAR policy will not replace standard MLS practices, it introduces an officially sanctioned option for those whose real estate priorities are not best served by broad online promotion. Sellers must now provide signed documentation stating their intent to delay public marketing and must be informed of the benefits they are waiving in doing so.
The policy also clarifies that one-to-one communications between brokers are permitted under the Clear Cooperation Policy and do not constitute public marketing. However, multi-brokerage or broad-based promotions still fall under public marketing requirements and must comply with standard MLS timelines.
Clarke said the announcement confirms a shift in how sellers view their options. “This isn’t a change for us operationally, but it signals a broader understanding within the industry that privacy is a legitimate strategic choice,” he said.
Private Listings and Luxury Big Island will continue to provide clients with tailored pathways for listing and acquiring properties, leveraging both public visibility and private access as appropriate. The company’s approach is centered on discretion, timing, and direct relationships with buyers and sellers.
About Private Listings and Luxury Big Island
Private Listings is a high-discretion real estate platform specializing in off-market transactions for ultra-high-net-worth individuals, investors, and estate representatives. The platform provides secure, invitation-only access to a curated portfolio of premium residential and commercial properties in Hawaii and beyond.
Luxury Big Island is a full-service real estate brokerage focused on high-end properties across Hawaii’s islands. Known for its bespoke service and deep local knowledge, the company assists buyers and sellers of trophy estates, gated compounds, and development opportunities.
Both entities are owned and operated by Harold and Mandana Clarke under MegaCapital Hawaii Corp, a privately held real estate advisory firm based in Hawaii.
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